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What is the difference between deferment and forbearance?
Short answer
Both pause or reduce payments for a while. Interest may or may not grow depending on the type and loan. Ask your servicer.
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People also ask
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Official sources
- StudentAid.gov: repaymentstudentaid.gov
- CFPB: student loansconsumerfinance.gov
- FTC consumer advice: student loan scamsconsumer.ftc.gov